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Tata Group-owned Air India has agreed to buy 250 jets from Airbus (AIR.PA), part of a mammoth deal for 470 planes, as the carrier heralds a decades-long transformation.
This is the first time in more than 17 years that Air India has placed an aircraft order. It is also the first order placed by the carrier under the ownership of Tata Group.
On Tuesday, Tata Sons Chairman N Chandrasekaran said Air India has signed a letter of intent to acquire 250 aircraft from Airbus. It will include 40 wide-body A350 planes and 210 narrow-body aircraft.
Indian Prime Minister Narendra Modi and French President Emmanuel Macron, among others, attended the virtual meeting.
Chandrasekaran said the wide-body planes will be used for ultra-long haul flights.
Bd-pratidin English/Golam Rosul
